NSEI:JETFREIGHT

Stock Analysis Report

Executive Summary

Jet Freight Logistics Limited engages in the freight forwarding business in India and internationally.

Rewards

PE ratio (2.4x) is below the Indian market (13.3x)

Earnings grew by 4.4% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Does not have a meaningful market cap (₹183M)

Unstable dividend track record

+ 1 more risk


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Jet Freight Logistics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JETFREIGHT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.5%

JETFREIGHT

1.5%

IN Logistics

-0.7%

IN Market


1 Year Return

-32.8%

JETFREIGHT

0.6%

IN Logistics

10.0%

IN Market

Return vs Industry: JETFREIGHT underperformed the Indian Logistics industry which returned -0.4% over the past year.

Return vs Market: JETFREIGHT underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

JETFREIGHTIndustryMarket
7 Day-6.5%1.5%-0.7%
30 Day-2.5%7.6%-0.3%
90 Day-19.6%14.8%3.2%
1 Year-32.8%-32.8%1.0%0.6%12.0%10.0%
3 Yearn/a-14.7%-16.4%23.9%17.1%
5 Yearn/a-48.3%-49.8%38.3%25.6%

Price Volatility Vs. Market

How volatile is Jet Freight Logistics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jet Freight Logistics undervalued compared to its fair value and its price relative to the market?

2.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JETFREIGHT (₹15.75) is trading above our estimate of fair value (₹0.98)

Significantly Below Fair Value: JETFREIGHT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JETFREIGHT is good value based on its PE Ratio (2.4x) compared to the Logistics industry average (13.9x).

PE vs Market: JETFREIGHT is good value based on its PE Ratio (2.4x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JETFREIGHT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JETFREIGHT is good value based on its PB Ratio (0.4x) compared to the IN Logistics industry average (1.3x).


Next Steps

Future Growth

How is Jet Freight Logistics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

53.0%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jet Freight Logistics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Jet Freight Logistics performed over the past 5 years?

35.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JETFREIGHT has high quality earnings.

Growing Profit Margin: JETFREIGHT's current net profit margins (2.1%) are lower than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: JETFREIGHT's earnings have grown significantly by 35.5% per year over the past 5 years.

Accelerating Growth: JETFREIGHT's earnings growth over the past year (4.4%) is below its 5-year average (35.5% per year).

Earnings vs Industry: JETFREIGHT earnings growth over the past year (4.4%) exceeded the Logistics industry -1.9%.


Return on Equity

High ROE: Whilst JETFREIGHT's Return on Equity (21.88%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Jet Freight Logistics's financial position?


Financial Position Analysis

Short Term Liabilities: JETFREIGHT's short term assets (₹690.2M) exceed its short term liabilities (₹548.1M).

Long Term Liabilities: JETFREIGHT's short term assets (₹690.2M) exceed its long term liabilities (₹106.8M).


Debt to Equity History and Analysis

Debt Level: JETFREIGHT's debt to equity ratio (110%) is considered high.

Reducing Debt: JETFREIGHT's debt to equity ratio has reduced from 254% to 110% over the past 5 years.

Debt Coverage: JETFREIGHT's debt is not well covered by operating cash flow (5.2%).

Interest Coverage: JETFREIGHT's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet

Inventory Level: JETFREIGHT has a low level of unsold assets or inventory.

Debt Coverage by Assets: JETFREIGHT's debt is covered by short term assets (assets are 2x debt).


Next Steps

Dividend

What is Jet Freight Logistics's current dividend yield, its reliability and sustainability?

0.63%

Current Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: JETFREIGHT's dividend (0.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: JETFREIGHT's dividend (0.63%) is low compared to the top 25% of dividend payers in the Indian market (2.55%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether JETFREIGHT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if JETFREIGHT's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (1.5%), JETFREIGHT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Richard Theknath (40yo)

3.7yrs

Tenure

₹10,800,000

Compensation

Mr. Richard Francis Theknath has been Managing Director of Jet Freight Logistics Limited since June 20, 2016 and has been its Director since April 13, 2006. Mr. Theknath serves as the Chairman at Jet Frei ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD150.92K) is above average for companies of similar size in the Indian market ($USD50.31K).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Richard Theknath
Chairman & MD3.7yrs₹10.80m22.85% 41.7m
Shraddha Mehta
Company Secretary & Compliance Officer3.6yrs₹529.55kno data
Dax Theknath
Whole Time Director13.8yrs₹6.00m20.55% 37.5m
Prasad Gothivarekar
Chief Financial Officer0.3yrsno datano data

3.6yrs

Average Tenure

33yo

Average Age

Experienced Management: JETFREIGHT's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Theknath
Chairman & MD3.7yrs₹10.80m22.85% 41.7m
Dax Theknath
Whole Time Director13.8yrs₹6.00m20.55% 37.5m
Agnes Theknath
Non- Executive Director7.4yrsno data25.81% 47.2m
Kamalika Roy
Additional Independent Director0.4yrsno datano data

7.4yrs

Average Tenure

40yo

Average Age

Experienced Board: JETFREIGHT's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

Jet Freight Logistics Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jet Freight Logistics Limited
  • Ticker: JETFREIGHT
  • Exchange: NSEI
  • Founded: 1986
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: ₹182.715m
  • Shares outstanding: 11.60m
  • Website: https://www.jetfreight.in

Number of Employees


Location

  • Jet Freight Logistics Limited
  • Pramukh Plaza
  • 706, C wing, 7th Floor
  • Mumbai
  • Maharashtra
  • 400099
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JETFREIGHTNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2016

Biography

Jet Freight Logistics Limited engages in the freight forwarding business in India and internationally. The company offers air and ocean freight, door-to-door cargo delivery, warehousing, customs clearance, chartering, and buyers and sellers consolidation services. It manages perishable cargo, including frozen and temperature-controlled cargo, such as pharmaceuticals, vaccines, bulk drugs, vegetables, fruits, cut flowers, tissue culture, etc.; general and time sensitive cargo; hazardous cargo; and heavy lift, over dimensional, and break-bulk cargo. The company was founded in 1986 and is headquartered in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 13:06
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.